Hovi Developments eyes property deals
Property and asset management company Hovi Developments is on the hunt for new sites to add to its portfolio after enjoying its best-ever year.
The company, based in Brierley Hill, has secured a 98 per cent occupancy rate thanks to a raft of lettings across its seven estates in the Midlands. It is now searching for additional sites to add to its near 1 million sq ft portfolio.
Recent major lettings include steel company Schmolz + Bickenbach taking 60,000 sq ft in Oldbury and NSL Care Services taking 5,000 sq ft in Wednesfield.
Hovi director Chris Vincent said: "Without doubt, 2011 has been a fantastic year for us – our best to date – and we are optimistic for continued growth in 2012.
"Although the climate remains challenging, we've listened to our tenants’ requirements and adopted a flexible approach which has seen us achieve record occupancy levels."
Co-owner and director Ian Houghton added: "As a progressive, acquisitive company, we're now looking to expand our portfolio of industrial sites for refurbishment across the Black Country and south Midlands, where we can add our active management approach."
